Labor Market Outcomes under Search , Matching , and Endogenous Contact Rates 1

@inproceedings{Flinn2005LaborMO,
  title={Labor Market Outcomes under Search , Matching , and Endogenous Contact Rates 1},
  author={Christopher J. Flinn},
  year={2005}
}
Building upon a continuous-time model of search with Nash bargaining in a stationary environment, we analyze the effect of changes in minimum wages on labor market outcomes and welfare. While minimum wage increases may or may not lead to increases in unemployment in our model, they can be welfare-improving to labor market participants on both the supply and demand sides of the labor market. Key determinants of the welfare impact of a minimum wage increase is the Nash bargaining power parameter… CONTINUE READING

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